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Updated about 1 year ago on . Most recent reply
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Student Rentals -Suggestions on Managing Remotely?
Anybody have suggestions on how to effectively manage student rentals remotely? I have a local property management company which is not great, I still have to do most of the work myself. I asked my insurance company for referrals for maintenance, monthly cleaning (keeping eyes on the property) --I would continue that. Has anyone used a system with students, like they get a discount or gift card if they collect rent or get other students to sign leases? The rent is only collected twice per year - 1st semester and 2nd semester. The properties are in a good location, so no problem getting students. I'm just tired of paying a property manager and basically doing all the work myself. Would love people's thoughts and experience.
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I do give my tenants a small commission for getting a lease after they leave and have had good luck. I only have one regular handyman in the area I got to with 95% of issues. When they go in for a maintenance request, they will look around the property for me to see what condition it is in.